The Columbus journal., 1887-09-28
HEBREWS IN TRADE.
THEIR IMMENSE COMMERCIAL IN
HLUENcE RECOGNIZED.

THEIR IMMENSE COMMERCIAL IN.
FlUENcE RECOGNIZED.
Striking Evidences Of Hebre" Progress
Growth Of the Clothing Trade-A Pro-
6t.ble neutrality-suspicious. OF
DaamondseCigars and Tobacco.
Of al, New York commercial exchanges the
are now recognized as among the
uo.4 ;n1neut;al members. The vice-chair-
nan az the stock exchange, the treasurer OF
nroduoe exchange and the treasurer OF
~ metal exchange are all Hebrews. In
49, ;nstitutions. as well as the cotton and
exchanges, they are prominent as
and thew are also identified with
many of the great railway, steamship and in
eurance companies. In banking alone the
New York Hebrews represent O capital OF
400 OOo. 600. The prominent part taken by
Them in the negotiation of the most impor-
government loar, and railway opera
lions is too well known to call Tor special
comment, their immense influence IN tnis anu
other leading cities being generally recoS-
nized.
The most striking evidence Of Hebrew
nHOQT0SS may Dt "lClSSoSu ""
which. within the past fifteen years, has
undergone q complete transformation by the
transfer of the retail trade to the uptown
thoroughfares and the invasion by Hebrew
Arms. Of the 400 buildings N Broadway
from Canal street to Union square the occu-
pantso of almost all are Hebrews, over LOU
wholesale rims out Of q total OF LOO beingof
that persuasion. On the day Of atonement,
when nearly all Of these establishments are
closed, the street for the length of nearly two
miles presents a holiday appearance. The
signs of Hebrew firms also predominant nthe
streets contiguous to Broadway within the
territory named, which is almost wholly DE-
voted to the manufacture of clothing, cioaks.
hats and caps, laces, .mbroideries, millinery
goods, furs, undergarments, flowers and
feathers, shirts, dry goods and fancy GOODS
and kindred branches Of trade.
Most remarkable has been the growth OF
the clothing trade, OF which the Hebrews
control seven-eighths of the total, several
hundred firms being now engaged In the man.
ufacture of such goods, and some houses en-
ploying as high as 2,OOO hands. Fifteen years
ago the number engaged in this business was
Insignificant compared with the present"day,
when as many firms are found on o single
block as then existed in the entire city. An
important feature in the clothing trade to-
day Is the manufacture of goods fully equal
TO the best custom made, which some years
AGO was considered impracticable to attempt
Less than ten years back the manufacture
of cloaks in this country was upon q very
small scale, the entire business in this city
being confined to less than one dozen firms
all told. The Hebrews were not slow to rec
ognize the Importance of this industry. They
were among the first to perceive that it was
destined to expand to an extent far beyond
Its proportions at that time. They reasoned
that the growth of the country would
create a continued demand Ar their goods,
and many plunged into the business. the re-
suit being that there are now in this city
alone over 3C0 manufacturers in this branch,
almost all of whom are Hebrews. Few peo-
ME have for a moment considered the extent
of the manufacture of wooden shirts, and yet
the annual transactions aggregate many
millions. In this branch the Hebrews have
secured q monopoly, it being estimated that
o. 900 men and women are directly and in
directly employed by Hebrew firms alone.
The wealthiest concerns in the trade, which
include several miliionaires, were In moderate
circumstances when they embarked In the
business.
When the wholesale manufacture Of under
garments was first suggested some years since
the propoSition was secuted. 1t was asserted
that goods turned out by machinery would
neither wear well nor be made TO fit well.
The men who conceived the idea were laughed
at. Hebrews were among tho first to enter
the business. They were convinced the under
taking would prove profitable, and were de-
termined to succeed They did succeed
They are now securely intrenched in the
business. Ready made undergarments are te
be found On sale in almost every city and
hamlet. and the Hebrews of New York en-
Gagged in their manufacture carry the name'
of 10000 employees on their pay rolls.
It is estimated that the Hebrew capital en-
Gagged in the importation, manufacture and
iobbing OF diamonds, watches and jewelry II
this country will not fall short of Sc, 100000
Year after year they have been absorbing ths
trade. 1t is predicted that before long tn
absorption process will be exhausted for wan
OF material on which to feed. OF late year
IN increased tendency to manufacture ha
been noted. Of the 400 jobbers III this city
the Hebrews constitute the bulk, and sucl
Roadway have they been making that many
older firms have been swept out of existence
including several who were a recognizes
power in the trade. Over 100000 cases o
leaf tobacco ore dealt in in this country ever,
twelyemonth. Two-thirds of this amount 1
controlled by the Hebrew merchants on Pear
and Water streets
Equally surprising has been the growth o
the cigar trade, In which the Hebrews hav
risen higher and higher until almost the en-
tire usine has passed under their control
Some idea OF their operations may be formes
when it is stated that their production reache
the enormous figure of 6OO,OO0,OOO cigars pc
annum. The manufacture of this immens
stock involves the employment Of 5000 hands
The manufacture Of hats and caps. the I'm
portation and manufacture Of hides an
leather, furs, laces and embroidcries, ~artificia
flowers and feathers, is largely controlled b.
the Hebrews, while the wine and liquor trad
is one of the most extensive in which they ar
engaged. 1t is estimated that the Hebre,
capital represented on the New York stoc
exchange Is not far from S8,0O0.OO0. Th
holdings of real estate by the Hebrews Of thi
city is estimated at sl0O,0OO ,00O.-New Yor
Mail and Express.
Story IF . Music Teacher.
"To a man like me, who has little ca